Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$397,386$397,386$603,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$205,614$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.696%7.640%
1st payment$2,356.14$2,356.14$4,175.05
2nd payment$0.00$1,327.92$0.00
Taxes / mo$558.33$558.33$558.33
Insurance / mo$166.67$166.67$166.67
MI / mo$300.54$300.54$120.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,381.68$4,709.61$5,020.65
Cash to close$272,614$67,000$67,000